How an application moves from submission to funding
A Voxen file moves through four stages: application, document submission, lender review, and funding. Most working-capital files close within 24 to 72 hours of a complete submission. The stage that varies most is document submission, because it is the only one the applicant controls.
Start an applicationThe four stages
- Application — Under ten minutes. Business details, funding amount, and use of funds. No application fee and no credit impact at this stage.
- Document submission — Six months of business bank statements is the standard request. Additional documents depend on the product — see Documents required by product.
- Lender review and structuring — The file is screened against the lender network and matched to the products it actually qualifies for. Offers come back with amount, term, structure, and cost.
- Funding — Once a structure is selected and signed, working-capital products generally fund within 24 to 72 hours. Asset-backed and acquisition files run longer because of security registration.
What determines speed
Timing published for each product assumes a complete file. An incomplete file does not queue slowly — it does not enter lender review at all, because a lender cannot assess deposits it has not been shown.
The most common cause of delay is bank statements submitted as screenshots or scans rather than PDFs downloaded directly from the bank. Statements must show the legal business name and cover the full requested period without gaps.
Typical speed to funding by product
| Merchant Cash Advance (MCA) | 24–72 hours |
|---|---|
| Business Line of Credit | 3–10 days |
| Invoice Factoring | 3–7 days setup, same-day after |
| Equipment Financing | 3–7 days |
| Bridge Loan | 5–15 days |
| Term Loan | 7–20 days |
| Acquisition Financing | 20–60 days |
What does not happen
- No fee is charged to apply, and no fee is charged to receive offers.
- The initial application uses a soft credit pull, which does not affect a personal credit score. A hard pull happens only when a lender formally underwrites a specific offer being moved forward.
- Approval is never guaranteed. Every file is subject to lender review of revenue, credit profile, and business documents.
Frequently asked questions
How long does the whole process take?
Most working-capital files — merchant cash advance, line of credit, factoring — close within 24 to 72 hours of a complete submission. Equipment and term financing typically run 3 to 20 days. Acquisition financing runs 20 to 60 days because of the security and diligence involved.
What is the single biggest cause of delay?
An incomplete document set. A file cannot enter lender review until the statements are in, so every day of missing documents is a day added to the timeline rather than a day of parallel progress.
Does applying affect my credit score?
No. The initial application uses a soft credit pull, which is not visible to other lenders and does not affect the score. A hard pull only occurs once a lender underwrites a specific offer the business has decided to move forward with.
Related
- Minimum eligibility requirements by product — The baseline a business has to clear before a lender will look at a file, product by product.
- Documents required, by product — Exactly what to gather before applying, and the format each document has to be in.
- How financing cost is expressed — Factor rates, APR, advance rates and fees — what each one measures and why they are not comparable.